Monetary Economics

Is the CFA Zone Less Developed than the Sub-Saharan Non-CFA Zone?

If you have been following African issues on social media, you have probably come across a surge in anti-France sentiment in the Francophone zone, sometimes echoed in the Anglophone zone too. At the center of this sentiment is the common currency (known as the FCFA, or CFA) that 14 countries share. For some time, the sub-Saharan Francophone youth have been dancing to the rhythms of the anti-CFA drums, hammered by some Francophone African economists.